NextGen Day

Alfredo Pascual, secretary of the Department of Trade and Industry (DTI), intends to examine and condense the list after releasing the new suggested retail prices (SRPs) for essential goods and premium commodities.

Pascual stated to the media on Friday that he wants to rationalize the SRP list and concentrate on goods that are primarily consumed by the general people.

“For example, ‘yong mga water in big containers, hindi naman ‘yon binibili ng mga mass base na population. Binibili nila, mga 300 (milliliters)… ‘Yon ang binabantayan namin ang increase. Pero ‘yong mga five gallons, bihira bumibili noon. Kaya I was thinking na baka ‘yon, pwede naming i-exclude (For example, the water in big containers, these are not being bought by the mass base population. They buy the 300 (milliliters)… That’s what we are monitoring for the increase. But the five gallons, those are rarely bought. So I was thinking that maybe, we can exclude it),” he said.

With over 60 shelf-keeping units (SKUs) with new pricing, the new SRPs for essential goods and premium commodities went into effect on Friday, according to Pascual.

The DTI last provided an update on SRPs of essential products and premium commodities on January 27.

The DTI chief stated that because some products’ prices haven’t changed in a while, they have price increases that are larger than the rate of inflation.

He said that the most recent price modification in one instance was in 2014.

“We are asked to raise the price, after which we will assess. We estimate the cost of the raw materials on our own and decide how much should be moved, according to Pascual.

Visit www.dti.gov.ph/konsyumer/latest-srps-basic-necessities-prime-commodities/ to get the most recent SRP list.

In contrast to excellent commodities like meatloaf, beef loaf, corned beef, soy sauce, vinegar, fish sauce, toilet soap, and batteries, basic items include canned sardines, processed milk, coffee, bread, instant noodles, salt, detergent soap, bottled water, and candles.

In preparation for the impending in-person sessions, the DTI also released the SRP list of school supplies, which is available at www.dti.gov.ph/advisories/srp-school-supply-081122/.

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